United States

Report | United States Construction Outlook - Q3 2017

Summary

Through the third quarter of 2017, the construction and development industry continues to hit a mature stage of economic expansion, but a few difficulties arose alongside the late stage cycle in which the industry currently sits. Spending in and on the construction industry in the quarter was up 1.9 percent over 2016 levels, with contractor and subcontractor work on the books also up 1.4 percent over Q3 2016 heights, further driving home the steady and mature growth outlook. Continued strength in the economy and commercial real estate as a whole paints a strong outlook for construction heading through 2018 and beyond. ​